Docstoc

7 Steps To Real Estate Investing

Document Sample
7 Steps To Real Estate Investing Powered By Docstoc
					7 Steps To Real Estate Investing
Simple Strategies Keep Deals Coming To You Daily

REIMatcher
http://www.reimatcher.com/wholesale_properties




REIMatcher - http://www.reimatcher.com/wholesale_properties
REIMatcher - http://www.reimatcher.com/wholesale_properties




7 Steps To Real Estate Investing

                      Wholesaling In Today’s Market Made Simple



Whether you are
BRAND NEW to
real estate
investing or an
expert in the
game, it’s critical
that you
understand these
7 Simple Steps to
real estate
investing.


First things first!


Real Estate is
NOT a get rich
quick scheme.
However, if you learn the foundations and put them into practice, you will
make more than enough money to realize any and all of your dreams and
goals.
The real estate bubble is not going to burst! The real estate market will,
however, shift and the real estate market will change ñ just as it always
has! What’s “hot” now may turn ice cold in the next 3 years (or perhaps
REIMatcher - http://www.reimatcher.com/wholesale_properties
REIMatcher - http://www.reimatcher.com/wholesale_properties



even 3 months). But, there are ways to “bubble proof” your real estate
investments. It’s actually quite simple.


Did you know that in the United States, in 1975, the median home price
was $33,300? In 2005, the median home price was $195,000. Historically,
the average home doubled every 7 years. If you do the math, it should be
well over $200,000.


OK! Now, having said that! The real estate investing market WILL change
and what is “working” today in real estate may not in the future! The rental
market was strong a decade ago, but has been soft in recent years. We
are getting ready for a turn once again.


Real Estate investing is a cycle! and cycles have some degree of
predictability. With predictability, you can grow your real estate business
into a cash-producing, profit-pulling machine that runs itself WITH the
changing real estate market trends. It is still possible to make money in
real estate. In fact, now is just as good a time as any to get started in real
estate investing.


Real Estate investing can be very profitable
if done correctly!

But, you’ve got to make wise investments. Sure, you may make some
SERIOUS cash in pre-construction, but what happens if (no, not if ñ when)
the market shifts and there are suddenly 35 identical properties on the
market for sale in the same building? How long can you afford to carry a
negative cash flow on the property? Or how about taking over property
subject to? Sure, it’s a great strategy and lenders may be inclined to turn
REIMatcher - http://www.reimatcher.com/wholesale_properties
REIMatcher - http://www.reimatcher.com/wholesale_properties



the other way and not exercise the “due on sale” clause as long as the
interest rates are at rock bottom prices (You know, those sellers that you’re
usually taking property subject to from usually don’t have the lowest
interest rates, right?) If the interest rates spike to 10-11%, don’t you think
lenders might be MUCH MORE inclined to exercise their option to make
you pay off the 6.5% note?


What this means is simply that you must be experienced in the basics ñ
the tried and true techniques, strategies and systems that have worked in
the past, are STILL working and will work in the future. You’ve got to have
all the tools in your bag so that you can go with the flow and not be
affected when real estate markets begin to shift (which they are already in
the process of doing, in case you’ve missed that memo!


• Step #1 – Set your plan: Figure out what your long term real estate goals
 are (aka retirement and wealth building) and figure out what your short
 term needs are with regard to making money in real estate. Then, set up
 the proper entities and put the plan in place.
• Step #2 – Determine what your target market will be: You cannot be all
 things to all real estate markets. If foreclosures appeal to you, start
 investing in the foreclosure market. If you want to be a landlord, look to
 out of state owners to focus your real estate marketing efforts.
• Step #3 – Be consistent and persistent: Real Estate is not a get rich quick
 scheme. Real Estate is get wealthy over time and put some quick cash in
 your pocket today. You’ve got to follow your plan and stick with it to see
 real results in real estate. You’ve also got to continue to increase your
 education and your experience.
• Step 4 – Don’t fall into the ìAnalysis Paralysis: Learn to analyze
 properties quickly. Don’t get caught up over thinking. It’s quite simple
 actually: What’s the property worth? What does the property need for

REIMatcher - http://www.reimatcher.com/wholesale_properties
REIMatcher - http://www.reimatcher.com/wholesale_properties



 repairs? And how much can you get the property for? It all comes down
 to numbers!
• Step 5 – Become a master of finance!: Real estate is the business of
 marketing and finance. You must learn about mortgages and interest
 rates and loan programs that are out there. You must know how to use
 finance to negotiate your deals and to sell your properties.
• Step #6 – Become a skilled problem solver: The reason you will get real
 estate deals that others don’t, is because you are able to solve people’s
 problems. Anything goes on the real estate playing field. You’ve got to be
 ready!
• Step #7 – You must continue your education: It is important that you are
 always investing in your education and learning new tactics, strategies
 and tips that will help you make more in real estate.


There are your 7 Steps To Real Estate Investing

We had one mission when we created REI Matcher, and that was…To Build the
System we wished we’d had when we first began investing…with a Next
Generation marketplace and a Powerful Marketing Platform that helps investors
connect and buy and sell more deals. Find out more – Here




REIMatcher - http://www.reimatcher.com/wholesale_properties

				
DOCUMENT INFO
Description: Whether you are BRAND NEW to real estate investing or an expert in the game, it’s critical that you understand these 7 Simple Steps to real estate investing.